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Biden looks to give a big boost to homebuyers and builders
CNBC ^

Posted on 01/19/2021 6:36:10 PM PST by springwater13

Biden is proposing a $15,000 first-time homebuyer tax credit, which could be accessed immediately by the buyer, thereby serving as down payment assistance.

The FHA could also reduce its monthly insurance premiums under the new leadership.

(Excerpt) Read more at cnbc.com ...


TOPICS: News/Current Events; Politics/Elections
KEYWORDS: tarp
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He's going to cause another housing crash in a few years like Bush did encouraging the poor to purchase homes they can't afford.

Lovely.

1 posted on 01/19/2021 6:36:10 PM PST by springwater13
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To: springwater13
Open up the forests to logging instead.....and maybe prevent fires at the same time.

Use our assets instead of passing out free money.

2 posted on 01/19/2021 6:39:24 PM PST by Sacajaweau
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To: springwater13

Actually it wasn’t GWB- it was clinton and the CRA. When Bush and even juan mccain had the courage to speak out about FannieMae failing, they were called racists- as usual.

Fredo’s brother was actually the one who caused the housing crisis: https://www.villagevoice.com/2008/08/05/andrew-cuomo-and-fannie-and-freddie/


3 posted on 01/19/2021 6:39:24 PM PST by God luvs America (63.5 million pay no income tax and vote for DemoKrats...)
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To: springwater13

A planned housing appreciation bubble on the way timed to POp around August or September of 2024 right before the election. Invest, buy and sell accordingly.


4 posted on 01/19/2021 6:40:05 PM PST by wildcard_redneck ( COVID lockdowns is are the Establishment's attack on the middle class and our Republic)
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To: springwater13

or Trump supporter’s houses for free


5 posted on 01/19/2021 6:41:15 PM PST by butlerweave
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To: springwater13

Funny that so much politics is just pleasing of money lenders.


6 posted on 01/19/2021 6:41:34 PM PST by mrsmith (US MEDIA: " Every 'White' cop is a criminal! And all the 'non-white' criminals saints!")
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To: springwater13

“He’s going to cause another housing crash in a few years like Bush did encouraging the poor to purchase homes they can’t afford.”

WRONG!

Bush went to congress twice warning them!


7 posted on 01/19/2021 6:41:56 PM PST by TexasGator (Z1z)
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To: TexasGator

I think there were more warnings than that. Seventeen comes to mind. Maybe only two to Congress.


8 posted on 01/19/2021 6:44:42 PM PST by gundog ( Hail to the Chief, bitches!)
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To: God luvs America

Wasn’t CRA originally a Carter creation?


9 posted on 01/19/2021 6:45:53 PM PST by gundog ( Hail to the Chief, bitches!)
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To: springwater13

Mortgage meltdown part two. The banks do not loose. The taxpayer looses on these Federal backed loans.

Last time this happened we damn near went into a depression.
This is madness.


10 posted on 01/19/2021 6:45:58 PM PST by cpdiii (cane cutter, deckhand, roughhneck, geologist, pilot, pharmacist, old man, CONSTITUTION TO DIE FOR)
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To: springwater13

A tax credit in cold hard cash. Bold.


11 posted on 01/19/2021 6:46:15 PM PST by americas.best.days... ( Donald John Trump has pulled the sword from the stone.)
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To: springwater13

Joe can blow bubbles.....


12 posted on 01/19/2021 6:46:16 PM PST by isthisnickcool (1218 - NEVER FORGET!)
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To: mrsmith
> Funny that so much politics is just pleasing of money lenders.

That's because they get to charge interest for nothing, i.e. they literally make money on charging to use money that they create out of thin air.

It's legalized theft.

13 posted on 01/19/2021 6:46:36 PM PST by SecondAmendment (This just proves my latest theory ... LEFTISTS RUIN EVERYTHING !)
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To: springwater13

CNBC? Well, consider that everything coming from any media with ‘NBC’ attached to it are partisan, propagandist liars.

If the last four years have proven anything it’s that, and they’ve proven it beyond any shadow of a doubt.


14 posted on 01/19/2021 6:47:31 PM PST by Bullish (CNN is what happens when 8th graders run a cable network.)
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To: springwater13

Cant afford

Dont know how to maintain

Wont maintain

You can tell when people like this move in

House goes to shiite quickly and nothing gets repaired


15 posted on 01/19/2021 6:47:32 PM PST by Secret Agent Man (Gone Galt; Not Averse to Going Bronson.)
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To: Sacajaweau

“Open up the forests to logging instead...”

LOL, the only reason your going to have for going in a forest is if you qualify for the Hunger Games.


16 posted on 01/19/2021 6:48:02 PM PST by Captain7seas ( )
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To: springwater13

Slow Joe is doing the only thing Democrats can do: give away other people’s money. And, of course, as mentioned he’ll probably start the next housing crash.

Just wait. Effing it up is a given talent with leftists.

Everything.

Everything.


17 posted on 01/19/2021 6:49:04 PM PST by Da Coyote
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To: springwater13

Gee, some more leaves appeared on the money tree!


18 posted on 01/19/2021 6:49:43 PM PST by crusty old prospector
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To: springwater13

I am a mortgage lender. We are in a super hot market for the last 12 months and this is beyond stupid. There is no need to prop up the housing industry when it is building houses as fast as it can.


19 posted on 01/19/2021 6:50:11 PM PST by Pamlico (Support President Trump and oppose traitors at every opportunity)
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To: springwater13
Bye-DUNG
20 posted on 01/19/2021 6:50:22 PM PST by lightman (I am a binary Trinitarian. Deal with it!)
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